Gold ki trading ek khasa mushkel kam he. Q k is business main markeet ka pata hi nahi chalta keh kab markeet up ho jai or kab markeet down ho jai. is wajha se gold ki trading kerte waqt tajerbe ki bohat ziada zaroorat hoty hi.
Thread: Gold
Gold ki trading ek khasa mushkel kam he. Q k is business main markeet ka pata hi nahi chalta keh kab markeet up ho jai or kab markeet down ho jai. is wajha se gold ki trading kerte waqt tajerbe ki bohat ziada zaroorat hoty hi.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Gold visits the channels resistance Analysis - 19/02/2015
Gold price traded with clear positivity after attempting to break 1200.00 level yesterday, to approach from the bearish channels resistance now, accompanied by stochastic entering the overbought levels, which supports the expectations to resume the overall bearish trend, which gets continuous support from the EMA50.
Our next target is located at 1182.00, and we should note that breaching 1228.00 then 1238.30 will stop the negative scenario and push the price to achieve some intraday gains.
Expected trading range for today is between: 1182.00 support and 1231.00 resistance.
Expected trend for today: Bearish
---------- Post added at 02:02 PM ---------- Previous post was at 01:48 PM ----------
Midday update for Gold 19/02/2015
Gold price keeps rising to reach the bearish channels resistance at 1222.00, while stochastic gets ready to provide a negative overlapping signal on the four hours time frame, we wait to support resuming the suggested bearish trend in our last reports.
Therefore, we will remain preferring the bearish trend for today, supported by the EMA50, reminding you that the main waited target at 1182.00, and holding below 1228.00 and 1238.30 levels is important for achieving the expected decline.
Expected trading range for today is between: 1182.00 support and 1231.00 resistance.
Expected trend for today: Bearish
---------- Post added at 06:13 PM ---------- Previous post was at 02:02 PM ----------
GOLD TECHNICAL ANALYSIS Prices challenging pivotal support at 1197.86, marked by the intersection of a channel floor, a rising trend line and the 61.8% Fibonacci retracement. A break below this barrier exposes the 76.4% level at 1171.96. Alternatively, a reversal above the 50% level at 1218.80 targets channel top resistance at 1227.65.
---------- Post added at 06:31 PM ---------- Previous post was at 06:13 PM ----------
We are still waiting to see how the timing relationships we mentioned earlier this week are going to play out. The euro is starting to show signs of stalling out while Cable remains pretty bid. How we close the week out should help clear up the cyclical/technical picture and give us some directional clarity. Another market worth watching closely here is Gold. It has a similar cyclical set up as that of the European currencies and actually might be leading by a day or so. On Wednesday the metal found support where it needed to with a reversal occurring just a bit under 1200 dollars an ounce at a convergence of the 78.6% retracement of the year-to-date range and the 1x1 Gann angle line of the 2013 closing high. A move through 1236 is now needed to confirm that a more meaningful push higher is underway. Weakness below 1197 would invalidate the burgeoning positive cyclicality and re-focus lower.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Midday update for Gold 18/02/2015
Gold price remains stable below 1213.20 level, showing sideways and tight range trading since morning, therefore, there is no change on the expected bearish trend scenario on the intraday basis, which its targets extend to reach 1182.00, while it will remain valid and active unless breaching 1231.00 then 1238.30 levels and holding above them.
Expected trading range for today is between: 1182.00 support and 1231.00 resistance.
Expected trend for today: Bearish
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
In the short term, the price of gold could decline to $1.222.
XAUUSD
Feb. 18, 2015, 08:47
Sell on a level breakthrough of 1204 with 1170 target. Stop loss = 1220.
Reason for the trading strategy
The reduction in geopolitical tensions towards Ukraine put a significant pressure on the defensive assets. In addition, low inflation expectations in the US and other countries have reduced the demand for gold, which traditionally acts as a hedge instrument against rising prices.
GOLD, H4
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Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Bears can't quench the thirst for profits
Yesterday Gold came out from the flat and went roughly down. Bulls couldn't do anything oppose. If the trend goes down we have to join Bears.
The price is below the moving average 20 MA and 200 MA, indicating the downward trend.
MACD histogram is below the zero line.
The oscillator Force Index is in correction, but under the 0-th level.
If the level of support is broken, you shall follow recommendations below:
Timeframe: H4
Recommendation: Short Position
Entry Level: Short Position 1203.44
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
GOLD TECHNICAL ANALYSIS – Prices are set to challenge pivotal support at 1197.86, marked by the intersection of a channel floor, a rising trend line and the 61.8% Fibonacci retracement. A break below this barrier exposes the 76.4% level at 1171.96. Alternatively, a reversal above the 50% level at 1218.80 aims for the 1236.17-39.73 area (38.2% Fib, channel top).
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
pair- gold
time frame to analysis- m30
the down movement of the price is hold at the support 1205.00 level and moving up side but again rejecting from the resistance at 1210.70 level and macd is also in the down trend side. hold the short entry with profit target at 1180.00 and stop loss at 1215.00
good luck
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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